Bidding war for Barneys department store

Barneys has become the target of a bidding war between Istithmar of Dubai and JapanÆs Fast Retailing.

On Monday, Fast Retailing upped its offer for Barneys to $950 million. This was in response to the latest bid of $900 million submitted by Istithmar one day earlier on Sunday. IstithmarÆs Sunday bid was up 9% from its original offer and matches the offer tabled by Fast Retailing on July 31.